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716 South St
Philadelphia, PA 19147
Pennbrook Portfolio · Property For Sale
·
25,463 SF Total
Investment Highlights
- PORTFOLIO SCALE & DIVERSIFICATION – 29-unit mixed-use multifamily portfolio comprised of five well-located assets across Philadelphia, providing immed
- CLEAR UPSIDE TO MARKET RENTS – Approximately 13.5% loss-to-lease across the residential units provides a defined path to income growth through rent no
- MIXED-USE INCOME COMPONENT – Select assets include ground-floor retail, enhancing income diversification and resilience across market cycles.
- STRONG IN-PLACE YIELD WITH UPSIDE – Strong in-place 6.74% cap rate with upside to 8.07% at market rents.
- ATTRACTIVE STABILIZED METRICS – Upon stabilization, NOI is projected to increase to approximately $645,883, equating to an 8.07% stabilized cap rate a
- EFFICIENT OPERATING PROFILE – In-place operating expenses represent approximately 26.3% of Effective Gross Income, supporting strong margins and finan
Executive Summary
We are pleased to present the Pennbrook Portfolio, a 29-unit multifamily offering spread across five premier Center City addresses. The portfolio includes stabilized assets with strong in-place cash flow, desirable layouts, and excellent rental upside in one of Philadelphia’s most coveted submarkets.
The buildings are located at:
1. 716 South Street
2. 716 S 2nd Street
3. 2027 Pine Street
4. 750–752 S Martin Street
5. 902 Spruce Street
With a unit mix spanning 1BR, 2BR, and 3BR layouts, plus a retail component occupied by a national franchise tenant with a newly exercised 5-year lease extension, the portfolio serves a diverse tenant base and offers walkable access to the city’s major employment, university, and cultural hubs.
The buildings are located at:
1. 716 South Street
2. 716 S 2nd Street
3. 2027 Pine Street
4. 750–752 S Martin Street
5. 902 Spruce Street
With a unit mix spanning 1BR, 2BR, and 3BR layouts, plus a retail component occupied by a national franchise tenant with a newly exercised 5-year lease extension, the portfolio serves a diverse tenant base and offers walkable access to the city’s major employment, university, and cultural hubs.
Property Facts
| Price / SF | $314.18 / SF | Number of Properties | 5 |
| Cap Rate | 6.74% | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 25,463 SF |
| Status | Active | Total Land Area | 0.29 AC |
| Price / SF | $314.18 / SF |
| Cap Rate | 6.74% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Building Size | 25,463 SF |
| Total Land Area | 0.29 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 902 Spruce St, Philadelphia, PA 19107 | Multifamily | 7,320 SF | 1911 | - |
| 2027 Pine St, Philadelphia, PA 19103 | Multifamily | 5,365 SF | 1890 | - |
| 750-752 S Martin St, Philadelphia, PA 19146 | Multifamily | 3,450 SF | 1915 | - |
| 716 S 2nd St, Philadelphia, PA 19147 | Multifamily | 3,040 SF | 1915 | - |
| 716 South St, Philadelphia, PA 19147 | Retail | 6,288 SF | 1900 | - |
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Pennbrook Portfolio
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